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Do you remember the Dating Game? Looking for a home feels an awful lot like that. Buyer demand is high in the Lake Havasu real estate market right now. But that doesn't mean you have to settle for less than what you want. You should check out several options before you decide on "the one". In order to avoid feeling overwhelmed, I've provided some helpful house-hunting tips you can use in your search.
House-Hunting Tips for Havasu Home Buyers
Make a Wish List
The first and possibly most helpful of my house-hunting tips is to take a moment and make a wish list. Write down everything you love about your current home. Size. Bedrooms. Location. Whatever. Then, list everything you don't like about it. If you had it to do over again, what would you change? Determine what are absolute "must haves", what would be nice but not necessary and what are absolute dealbreakers in the new place. Clearly defining your needs helps you narrow your focus when house-hunting.
Talk to Your … [Read more...]

Only one word describes our local real estate market: HOT! The July 2018 Lake Havasu Market Report continues to proclaim our local area to be a seller's market. Buyers really want the Lake Havasu lifestyle. Even with prices continuing to rise, Lake Havasu homes still cost less than those in nearby California. That's one of the reasons our secondary market is one of the hottest in the country. Of course, being #3 on Realtor.com's Top 10 Cities to Age in Place list makes us more desirable as well. Let's discuss what happened in our local market last month.
July 2018 Lake Havasu Market Report
Lake Havasu Market Report - July 2018 Sales
According to Flex MLS, a total of 179 Lake Havasu homes were sold in July 2018, a 6.3% decrease from the 191 sold in July of last year. However, the strong sales figures from earlier this year keep the year-to-date sales 3.2% higher with 1533 total home sales so far. Pending sales rose 7.1%, from 183 in July 2017 to 196 last month. Active … [Read more...]

The local housing market continues to match our scorching temperatures. According to the June 2018 Lake Havasu Market Report, high buyer demand persists. Even with lower year-over-year sales, prices climb even higher. That means that, if you're in the market for a new Lake Havasu home, you need to be ready to act as soon as you locate one you like.
June 2018 Lake Havasu Market Report
Lake Havasu Market Report - June 2018 Sales
Flex MLS reported that a total of 214 Lake Havasu homes were sold in June 2018. That marked an 11.6% decrease from the same time last year. Even so, the Lake Havasu market appears to have sold 3.9% more homes in the first half of 2018 than it did in the first half of 2017. Bucking a recent trend, pending listings showed a slight 1.9% increase from last June, with 210 reported. Active listings, on the other hand, dropped significantly from last year (by 26.7%) to come in at 650 for June 2018. New listings also fell off dramatically (by 26.5%), going from … [Read more...]

While temperatures sizzle, so does the Lake Havasu real estate market. Competition for homes is fierce due to low inventory levels. The May 2018 Lake Havasu Market Report also noted that prices maintained their upward trajectory. How is this affecting Havasu home buyers? Read on to find out.
May 2018 Lake Havasu Market Report
Lake Havasu Market Report - May 2018 Sales
According to Flex MLS, 227 Lake Havasu homes were sold in May 2018. That's an 8.1% decrease from May 2017's 247. However, year-to-date sales continue to outperform 2017's by 6.7%. Pending listings continue their downward trend as well. In May 2017, Flex MLS reported 239 Havasu listings pending. Last month, this fell 6.3% to 224. Active listings also dropped significantly, with a reported 713 total in May 2018. That's 26.4% less than last year's total. New listings actually showed a slight (4.3%) increase from last year with a total of 242 last month.
Lake Havasu Market Report - May 2018 Prices
Lower … [Read more...]

Finally! You saved up your money for your downpayment, closing costs and other expenses related to the purchase of a home. Then, you found the perfect property with great "bones". After your offer was accepted, you went through the escrow process and are now the proud owners of a Lake Havasu home. Congratulations! With homeownership comes responsibility. That means, you now pay for any repairs/replacement/remodel needed on your place, not the landlord. Even the newest of homes require upkeep. Over time, yours will, too. Here are a few common household repairs Havasu homeowners may see while living in their home.
Common Household Repairs for Havasu Homeowners
Heating/Air Conditioning System
Weather plays a huge part in our Lake Havasu lifestyle. Temperatures reach triple digits in May and they stay there until well into September. That puts a major strain on our air conditioning units. So, it should come as no surprise that Havasu homeowners mark this as a common household … [Read more...]